Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Engel, the Austria-based manufacturer of plastics injection moulding machines, has announced 100 job cuts out of the 1,000 staff at its Kaplice site. All 67 agency workers will lose their jobs. The dismissals have already begun. The reason is the continuing recession in the automotive industry and the drop in orders. The company does not offer help with finding a new job.
Globally, Engel operates nine production plants in Europe, North America and Asia and employs nearly 7,000 people worldwide. The Group's turnover in the financial year 2018/2019 was EUR 1.6 billion. The Group has sales offices in more than 85 countries
Eurofound (2019), Engel, Internal restructuring in Czechia, factsheet number 98956, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/98956.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
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Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...
